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Does China Still Buy Much Coal from Australia ?, page-5

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Trees

33,305 Posts.

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08/01/18

11:05

Post #: 30120122
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Originally posted by Welkin31 ↑

Thanks datamachine for posting that list - I note the monster Shenhua at the top. Are you aware of their history of buying the drilled out Watermark coal orebody near Gunnedah from the NSW Govt ~2008 for several hundred $Million? In subsequent years Shenhua kept faith with that deal and would have blown that out to ~ a lazy $Bill buying farms, tidying up exploration loose ends and endless legal battles for the rights to mine. All the while the NSW Govt shifted regulatory goalposts against them. Google - shenhua watermark coal mine news.
A note for those not familiar with NSW politics - the Shenhua purchase in 2008 was at the same time ALP Resources Minister Ian McDonald was corruptly granting 3 or 4 coal EL's to mates including Eddie Obeid.
Here we are 9 years and counting - will Shenhua ever mine and sell a ton of the coal they paid NSW Govt so much for? I have a stack of refs on file but keeping this short.

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Last edited by Trees: 08/01/18
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